Alleghany To Buy Transatlantic Holdings For $3.4B
Alleghany will offer $59.79 per share to Transatlantic shareholders, representing a premium of about 10% over Transatlantic's Friday close of $54.43.
TRH shares gained 1.19% to clsoe at $54.43 on Friday, while Alleghany shares gained 0.57% to clsoe at $314.26 on Friday.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.